"$400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects."

?!

What?!

Man's effect on global warming is less significant than celebrity Mario Lopez' effect on world peace.

Who? What? Exactly.

Back to the quote. It said "billion": $2.4billion to be spent on snake oil. It's bad enough our nation is going down via the folly of Keynesian economic theory, but now we will spend billions (!!) on climate change snake oil?! I am wicked ticked. Our embrace of the Keynesian economic stupidity (how much proof * do we require before rejecting that fluff?) and climate change snake oil is ... so ... outrageous, I cannot find words to conveythe magnosity of the stuprissity.

Russian scientists reject the very idea that carbon dioxide may be responsible for global warming.[...]

“The Kyoto theorists have put the cart before the horse,” says renowned Russian geographer Andrei Kapitsa. “It is global warming that triggers higher levels of carbon dioxide in the atmosphere, not the other way round.”

Russian researchers made this discovery while studying ice cores recovered from the depth of 3.5 kilometres in Antarctica. Analysis of ancient ice and air bubbles trapped inside revealed the composition of the atmosphere and air temperature going back as far as 400,000 years.

“We found that the level of CO2 had fluctuated greatly over the period but at any given time increases in air temperature preceded higher concentrations of CO2,” says academician Kapitsa, who worked in Antarctica for many years. Russian studies showed that throughout history, CO2 levels in the air rose 500 to 600 years after the climate warmed up. Therefore, higher concentrations of greenhouse gases registered today are the result, not the cause, of global warming.

Critics of the CO2 role in climate change point out that water vapours are a far more potent factor in creating the greenhouse effect as their concentration in the atmosphere is five to 10 times higher than that of CO2. “Even if all CO2 were removed from the earth atmosphere, global climate would not become any cooler,” says solar physicist Vladimir Bashkirtsev.[...]

“There were periods in the history of the Earth when CO2 levels were a million times higher than today, and life continued to evolve quite successfully,” agrees Vladimir Arutyunov of the Russian Academy of Sciences Institute of Chemical Physics.[...]

Yet, once elected, [Franklin] Roosevelt not only maintained [Herbert] Hoover's programs, he used them as a foundation for his titanic New Deal expenditures. He even expanded Hoover's failed housing program and launched the now-infamous mortgage giant Fannie Mae. And even in the face of a staggering 25 percent unemployment, FDR held fast to the big-government philosophy -- jobs programs, handouts, tax hikes -- and, as a result, presided over a decade of economic misery.

FDR's own treasury secretary, Henry Morgenthau, had to admit as much in 1939:

"We are spending more than we have ever spent before, and it does not work. ... We have never made good on our promises. I say after eight years of this administration we have just as much unemployment as when we started. And an enormous debt to boot!"

Instead of pursuing the tragic economic policies of Hoover and FDR, we should follow the model of presidents who successfully met the economic challenges of their times and ushered in prosperity. In recent memory, Presidents John F. Kennedy and Ronald Reagan dramatically cut taxes to stimulate growth and create jobs -- and their policies succeeded.

When Jimmy Carter left office, the economy was slumping, unemployment was higher than today and inflation was in the double digits. Reagan's economic policy, which included massive tax cuts, reversed a worsening situation, and the economy surged on every level -- 17 million jobs were created, employee compensation increased, inflation was conquered and the longest peacetime boom in our history was born.

1 comment:

Yep..The Lord is indeed in charge..Too bad the Fed will not listen. So lets see..2009 is already showing more crippling economics effects.

Its strange when too many 'experts'are not really very expert at all. Obama's finest economics team, will fail and so will every world leader across this globe. Already, you see the start of riots breaking out across the Eurozone..YOu can bet that is coming to USA shortly.

When do you suppose the experts will have ears??

NEW Concept- World FIRST: The generation of unlimited , daily, clean electricity into the national power grid, in volumes that with implementation, will outstrip the combined power yields of wind and solar energy - Concept currently UNKNOWN as alternate energy source.

In the light of the energy problems being experienced across the globe, I would like to be afforded an opportunity to present a solution to lacking energy policy, under the framework of a direct governmental agreement. I respectfully request such an arrangement due to the urgency of the global meltdown, avoiding the normal protocols of patents.

I would appreciate the opportunity to tender the concept, to be verified by any governmental team of engineers, planners, architects and scientists to directly present their verified findings to the relevant senate committee.

If interested in the proposal, I can more clearly outline the potential for massive job creation, financial stimulation and stabilization of the stock markets, and all related industry, and markets and ultimately the methodology that can be applied to achieving better energy security, helping wean economies from high oil dependance.

Consideration of this proposal may lead you to conclude that less can be invested in wind/solar/biofuels, and still have a more positive energy yield. You might also consider the impacts of substantially lowered carbon emissions and the related effects on climate change that can be more directly addressed.

As you see the nations of the globe deteriorate, in spite of every stimulus effort I would urge you to understand that liquidity, in this instance, can fix nothing.